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National Grid buys Niagara Mohawk

Article Abstract:

National Grid Group PLC agreed to acquired Niagara Mohawk Power Corp. which will eventually merge with National Grid USA. Earlier this year the group purchased New England Electric System which bought in turn Eastern Utilities Associates resulting in a merged company called National Grid USA.

Enron unit needs deal closing

Article Abstract:

Enron needs to complete the sale of its interest in the electricity produced by the Sundance coal-fired power generation plant by the end of business on Monday in order to prevent Enron Canada Corp. from being placed in receivership.